Major startups are leaving the Ethereum blockchain at Binance Chain

Several large startups preferred the young and ambitious Binance Chain to the proven Ethereum blockchain. At least, the CEO of the largest cryptocurrency platform Binance Changpeng Zhao claims this.

According to the CEO Binance, 8 major projects have been transferred from Ethereum to Binance Chain. Zhao notes that the blockchain-network of the cryptocurrency exchange intends to continue to work to meet user requests, special attention will be paid to performance. The site also launched a new Binance DEX blockchain platform based on the Binance Chain network. This network is set up to conduct operations with coins Binance Coin (BNB), the price of which is constantly growing. The BNB token is planned to be used as the main payment instrument in each transaction. Each new block in the chain is created in just one second, after which the user confirms the fact that the block is out and then the operation is considered complete.

However, Binance Coin (BNB) cryptocurrency, as of Tuesday morning, is the leader of the fall in the TOP-10. Over the past 24 hours, the Binance cryptobirth coin lost more than 5% and is trading at around $ 9.6 for 1 BNB, while in the middle of January the token cost almost $ 25.

Cryptocurrency enthusiast since 2015, a lover of blockchain technology and everything around her. He joined the Crypto Economy team in 2018 as a content editor specializing in SEO. He is also responsible for the Social Networks of the platform.

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